Tag: Data

ChatGPT maker OpenAI hit with class-action lawsuit over alleged data theft

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OpenAI, the maker of the popular chatbot ChatGPT — a natural language processing artificial intelligence (AI) tool — is facing a class-action lawsuit in California over allegedly scraping private user information from the internet. The lawsuit was filed in the United States District Court for the Northern District of California by Clarkson Law Firm on June 28. The suit alleges that OpenAI trained ChatGPT using data collected from millions of social media comments, blog posts, Wikipedia articles and family recipes without the consent of the respective users. Thus, OpenAI violated the…

EU data act adopts smart contract kill switch regulations

The European Union (EU) is making progress on the European Data Act, despite facing criticism from the cryptocurrency community, as lawmakers have reached an agreement to proceed with the legislation. The E.U.’s Commissioner for Internal Markets, Thierry Breton, confirmed the deal in a June 27 tweet, describing it as a significant milestone in reshaping the digital landscape. The incorporation of reset options The introduction of new E.U. legislation has raised concerns among crypto proponents, as it is believed that the regulations could compel smart contract developers to incorporate reset options…

EU finalizes controversial smart contract kill switch rules under Data Act

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European Union (EU) lawmakers have reached an agreement to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community. The deal was confirmed by the EU’s Commissioner for Internal Markets, Thierry Breton, in a tweet calling it a “milestone in reshaping the digital space.” Another deal! ⁰Tonight’s agreement on the #DataAct is a milestone in reshaping the digital space. Thanks to the swift work of the EP @delcastillop & the Council Presidency, we are on the way of a thriving data economy that is…

Ethereum price won’t see $2K anytime soon, market data suggests

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The price of Ether (ETH) faced strong resistance at $1,920 after a 17.5% rally between June 15 and June 22. Several factors contributed to the limited upside, including worsening macroeconomic conditions, the regulatory cryptocurrency environment and weaker demand for decentralized applications (DApps) on the Ethereum network. ETH price faces macroeconomic headwinds On June 26, a federal judge denied a motion from Binance that could have stopped the United States Securities and Exchange Commission (SEC) from issuing public statements related to the case. In addition, in its mid-year outlook, HSBC Asset…

Bitcoin price data suggests bulls will succeed in holding $30K as support this time

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Bitcoin (BTC) has been trading above $31,000 after its 24.3% rally between June 15 and June 23, which caught many off guard. For bears, that meant facing $165 million in short futures contract liquidations, but the unexpected rally also brought some degree of discomfort for investors using Bitcoin derivatives. Inflation remains the biggest question mark for traditional markets, a point highlighted by the recent 50-basis-point interest rate increase by the Bank of England, followed by similar moves in Norway and Switzerland, leading to the highest cost of capital in over…

Bitcoin BTC Price Bobbles, Then Returns to Perch Above $30.1K as Investors Weigh ETF Prospects, Macroeconomic Data

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Ether (ETH), the second largest crypto in market value, followed a similar path to BTC, dipping around the time of the BitGo announcement via Twitter but then regaining ground to recently change hands near the $1,900 threshold it reached on Wednesday for the first time since the beginning of June. ETH was recently up a few fractions of a percentage point. Most other major cryptos were largely in the green, albeit not as impressively as the previous day. ADA and DOT, the tokens of smart contract protocols Cardano and Polkadot,…

Whales Withdraw Over $150,000,000 in Ethereum (ETH) From Crypto Exchanges Binance and Kraken: On-Chain Data

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Three crypto whales withdrew more than $150 million worth of Ethereum (ETH) from the crypto exchanges Binance and Kraken in the past week. All three addresses were newly created wallets, according to the blockchain tracker Lookonchain. The first whale withdrew 35,860 ETH worth more than $64 million from Binance across a series of transactions. The second pulled out 27,000 Ethereum worth more than $48 million from Binance across four withdrawals. And the third wallet withdrew 23,660 ETH worth more than $42 million from Kraken across five transactions. The withdrawals could…

EU Commission Brushes Off Data Act Fears by Crypto Industry

The letter, signed by companies such as Fujitsu, Ledger and Ripple and lobbying organizations the European Crypto Initiative and Blockchain for Europe, says that the law would jeopardize smart contracts written on blockchains such as Ethereum, Avalanche, Cardano, NEAR and Polkadot, potentially conflict with recently agreed Markets in Crypto Assets law, and damage the European economy. Source ActbrushesCommissionCryptodataFearsindustry CryptoX Portal